February 20, 2024

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Igniting Tech-Driven Sustainability in Malaysia

The Malaysian Investment Development Authority (MIDA) organised its forum aimed at catalysing Malaysia’s industrial commitment to sustainability goals. Held at the Connexion Conference & Event Centre, Bangsar South, in collaboration with the National SDG Centre and United Nations Global Compact Malaysia and Brunei (UNGCMYB), the forum strategically focused on leveraging technology adoption and embracing ESG (Environmental, Social, Governance) practices, especially among Small and Medium-sized Enterprises (SMEs) and Mid-Tier Companies (MTCs).

Image adapted from: MIDA Official Facebook page

At its core, the forum delved into the critical challenges faced by industries, including financial constraints, talent shortages, and the scarcity of technical expertise. Crucially, it shed light on the government’s unwavering dedication to achieving the Sustainable Development Goals 2030 and transitioning toward the Net Zero 2050 aspiration.

The session was a knowledge hub, hosting influential figures in sustainability like Mr Faroze Nadar, Executive Director at UNGCMYB, Prof. Dr Ong Kian Ming from Taylor’s University, and Mr Asfaazam Kasbani from the National SDG Centre, Ministry of Economy. Technology experts and representatives from leading entities such as PETRONAS and EPF also contributed their perspectives, enriching the discourse.

YB Liew Chin Tong, Deputy Minister of Investment, Trade, and Industry (MITI), outlined the government’s New Industrial Master Plan 2030 (NIMP 2030). This plan encompasses ambitious goals and 12 outcome-based targets, aligning with the National Investment Inspirations. Stressing the importance of a holistic approach, YB Liew highlighted the necessity for sector-specific targets across manufacturing, energy, transport, and infrastructure to foster sustainable development.

MITI’s proactive stance was evident as the Deputy Minister unveiled the National Industry Environmental, Social, and Governance (ESG) Framework (i-ESG) to bolster SMEs and MTCs in embracing sustainability. The i-ESG aligns seamlessly with the MADANI Economy Framework, indicating a clear vision for inclusive and sustainable industrial growth.

Underpinning the significance of technology and innovation, YB Liew highlighted initiatives within the Budget 2024, demonstrating a dedicated push toward sustainability. Noteworthy allocations such as the RM2 billion National Energy Transition Facility fund and the potential RM1 billion biodiversity sukuk for carbon credits aim to uplift businesses while fostering a resilient economic landscape.

MIDA’s Chairman, YBhg. Tan Sri Dato’ Seri Dr Sulaiman Mahbob, emphasised MIDA’s pivotal role as the vanguard of sustainable investment projects like e-Mobility, Renewable Energy, and Circular Bio-economy. The establishment of MIDA’s Sustainability Division in August 2023 signifies its proactive approach towards sustainable practices, indicating a promising trajectory.

Tan Sri Dato’ Seri Dr Sulaiman Mahbob underscored the inevitability of sustainable practices in the evolving global landscape, stressing the urgency for Malaysia to embrace the green wave. MIDA’s commitment was echoed through initiatives like the Invest Malaysia Facilitation Centre (IMFC), aimed at bolstering investment facilitation and expediting service delivery, thereby fostering an investor-friendly environment.

MIDA’s forum served as a pivotal platform to galvanise technological innovation and sustainable practices, aligning Malaysia’s industries with global sustainability imperatives. With concerted efforts and strategic initiatives, Malaysia stands poised to lead the charge towards a greener and more resilient future.

Malaysia has set its sights on an ambitious agenda for sustainable development, aligning with global imperatives while tailoring initiatives to its unique socio-economic landscape. With a steadfast commitment to the Sustainable Development Goals (SDGs) for 2030 and a resolute transition toward the Net Zero 2050 aspiration, the nation aims to tackle multifaceted challenges. From addressing environmental concerns like carbon emissions and biodiversity preservation to fostering social inclusivity and economic resilience, Malaysia’s sustainable goals encompass a holistic approach. These efforts converge on technology adoption, ESG practices, and inclusive policies, positioning the nation to forge ahead as a beacon of sustainable progress in the region and beyond.

OpenGov Asia reported that Selangor, a key player in Malaysia’s push towards renewable energy, is set to contribute a substantial 1 to 1.5 gigawatts (GW) to the country’s electricity grid in the coming years, as announced by Menteri Besar Dato’ Seri Amirudin Shari.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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